Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Finance Adviser Dr Salehuddin Ahmed is scheduled to visit the Dhaka Stock Exchange (DSE) on Tuesday to discuss the current state of the market with various stakeholders.
The meeting, scheduled to start at 10:00 am at the DSE building in Dhaka's Nikunja, aims to address the ongoing issues in the country’s capital market and explore potential solutions to resolve the crisis, according to a DSE official.
Representatives from several key organisations will attend the meeting, including the Bangladesh Securities and Exchange Commission, Bangladesh Bank, National Board of Revenue, Chittagong Stock Exchange (CSE), DSE Brokers Association, Bangladesh Merchant Bankers Association, Central Depository Bangladesh, Central Counterparty Bangladesh, Investment Corporation of Bangladesh, and the Financial Reporting Council.
Following the announcement, the stock market closed on a positive note on Monday, reversing a two-day losing streak. The market's optimism was driven by the news that the finance adviser would meet with stakeholders to discuss measures for restoring investor confidence.
The finance adviser is likely to discuss providing policy support to restore investors’ confidence in the stock market.
The benchmark index of the Dhaka Stock Exchange (DSE) went up by more than 33 points, or 0.65 per cent, to 5,198, after losing 53 points in the past two trading days.
The blue-chip index DS30, a group of 30 prominent companies, also surged more than 14 points to 1,933, while the DSES index, which represents Shariah-based companies, rose 13 points to 1,161.
Turnover rose by 16 per cent to Tk 3.63 billion from the day before, as investors poured funds into large-cap stocks in anticipation of short-term gains.
The Chittagong Stock Exchange also ended higher, with its All Shares Price Index (CASPI) soaring 6 points to 14,466, while the Selective Categories Index (CSCX) rose 3 points to 8,808.